Tesla Inc. manufactures a single product. The following data is available for the current month: Direct materials
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Question:
Tesla Inc. manufactures a single product. The following data is available for the current month:
- Direct materials used: $2,000,000
- Direct labor: $800,000
- Variable manufacturing overhead: $400,000
- Fixed manufacturing overhead: $600,000
- Units produced: 10,000 units
- Units sold: 8,000 units
- Selling price per unit: $500
Requirements:
- Prepare a cost sheet showing the total and per-unit cost.
- Calculate the cost of goods sold.
- Determine the ending inventory value.
- Compute the gross profit.
- Analyze the impact of production volume on unit costs.
Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
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